PFIG vs. PCL
PFIG (Invesco Fundamental Investment Grade Corporate Bond ETF) and PCL (PGIM Corporate Bond 10+ Year ETF) are both Corporate Bonds funds. PFIG is passively managed, while PCL is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. PFIG charges 0.22%/yr vs 0.25%/yr for PCL.
Performance
PFIG vs. PCL - Performance Comparison
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Returns By Period
In the year-to-date period, PFIG achieves a 0.68% return, which is significantly lower than PCL's 2.77% return.
PFIG
- 1D
- 0.09%
- 1M
- 0.54%
- YTD
- 0.68%
- 6M
- 0.63%
- 1Y
- 4.31%
- 3Y*
- 5.40%
- 5Y*
- 1.43%
- 10Y*
- 2.47%
PCL
- 1D
- 0.03%
- 1M
- 1.83%
- YTD
- 2.77%
- 6M
- 2.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PFIG vs. PCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PFIG Invesco Fundamental Investment Grade Corporate Bond ETF | 0.68% | 3.14% |
PCL PGIM Corporate Bond 10+ Year ETF | 2.77% | 2.51% |
Correlation
The correlation between PFIG and PCL is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025 | 0.84 |
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Return for Risk
PFIG vs. PCL — Risk / Return Rank
PFIG
PCL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PFIG vs. PCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) and PGIM Corporate Bond 10+ Year ETF (PCL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFIG | PCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | — | — |
| Martin ratioReturn relative to average drawdown | 6.92 | — | — |
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Drawdowns
PFIG vs. PCL - Drawdown Comparison
The maximum PFIG drawdown since its inception was -15.58%, which is greater than PCL's maximum drawdown of -5.14%. Use the drawdown chart below to compare losses from any high point for PFIG and PCL.
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Drawdown Indicators
| PFIG | PCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -5.14% | -10.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.22% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -1.71% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | — | — |
Volatility
PFIG vs. PCL - Volatility Comparison
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Volatility by Period
| PFIG | PCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 7.83% | -4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 7.83% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.21% | 7.83% | -2.62% |
PFIG vs. PCL - Expense Ratio Comparison
PFIG has a 0.22% expense ratio, which is lower than PCL's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PFIG vs. PCL - Dividend Comparison
PFIG's dividend yield for the trailing twelve months is around 4.40%, less than PCL's 5.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCL PGIM Corporate Bond 10+ Year ETF | 5.24% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFIG Invesco Fundamental Investment Grade Corporate Bond ETF | 4.40% | 4.15% | 4.12% | 3.54% | 2.58% | 3.34% | 2.81% | 2.92% | 2.88% | 2.54% | 2.58% | 2.57% |
Frequently Asked Questions
PFIG and PCL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PFIG is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PFIG is cheaper with a 0.22% expense ratio, compared with 0.25% for PCL.
PCL has the higher dividend yield at 5.24%, compared with 4.40% for PFIG.
They also come from different issuers: Invesco and PGIM. Their fees differ too: 0.22% for PFIG and 0.25% for PCL.
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